Nightly Brief

Top CNS stories for today including word out of Stanford University that California’s Central Valley sank three feet during the state’s historic drought; recusal was averted on day one for newly minted Supreme Court Justice Neil Gorsuch; shareholders claim American mining giant Freeport-McMoRan failed to tell them of problems before it shut down operations at the world’s largest gold mine; experts push for change in what they describe as a ‘new era’ of wildfires in the West, and more.

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Facing possible nationalization of the world’s largest gold mine, in Indonesia, American mining giant Freeport-McMoRan has another problem now: a lawsuit from shareholders who say it breached its duty to inform them of the problems before it shut down operations, whacking $5.6 billion from the value of shares.

Nine former high-ranking Navy officials must wait to face trial in a massive contract-bribery case, as a federal court judge on Friday delayed the case for six months as attorneys parse through thousands of discovery documents in the complex case.

A federal judge on Friday lifted a stay preventing the Treasury Department from cutting off a foreign bank from the U.S. banking system as a penalty for facilitating money-laundering by international criminals.